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The Model of Budgetary Federalism in India: Similarities and Differences Comparing to Russia

Author

Listed:
  • Anna A. Mikhaylova

    (Institute for Public Finance Reform, Moscow, Russia; Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow, Russia)

  • Vladimir V. Klimanov

    (Institute for Public Finance Reform, Moscow, Russia; Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow, Russia)

Abstract

The article compares the Indian and Russian models of fiscal federalism and defines main similarities and differences of these models. It also considers the types of intergovernmental fiscal transfers in each country and draws conclusions about the inter-country differences in their provision. The authors determined that not only intergovernmental fiscal transfers, but also revenues from the state taxes share in the tax revenues of the central government play an important role in the revenue side of the state budgets.

Suggested Citation

  • Anna A. Mikhaylova & Vladimir V. Klimanov, 2018. "The Model of Budgetary Federalism in India: Similarities and Differences Comparing to Russia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 61-70, February.
    • Handle: RePEc:fru:finjrn:180105:p:61-70
    DOI: 10.31107/2075-1990-2018-1-61-70
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    References listed on IDEAS

    as
    1. Anna A. Mikhaylova, 2017. "Interbudgetary Transfers as a Stimulation Mechanism of Regional Growth," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 49-56, June.
    2. Sacchidananda Mukherjee, 2015. "Present State of Goods and Services Tax (GST) Reform in India," Working Papers id:7532, eSocialSciences.
    3. Choudhury, Mita & Mohanty, Ranjan K. & Dubey, Jay Dev, 2016. "Impact of the Recommendations of the 14th FC: Central Transfers and Social Sector Expenditures in the 1st Year," Working Papers 16/183, National Institute of Public Finance and Policy.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    fiscal federalism; intergovernmental transfers; tax revenues; India; Russian Federation;
    All these keywords.

    JEL classification:

    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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